73
73
Dec 15, 2012
12/12
by
FBC
tv
eye 73
favorite 0
quote 1
>> it is part of the fiscal cliff. the obamacare tax increases kick in next year. whether dividends, investment income why do we want to tax people investing? that is what we want. it is the wrong time to raise taxes on capital gains because that grows the economy. so some of the worst will come about because of obamacare. >> just like the top line revenues with the medical device it is making money right now. >> there is a myth it will come out of executive bonuses. the health care industry will pass the increase and run up the health care cost that is driving up the budget problem. >> the bill coming across the table with the bill for hurricane sandy to go to the victims yet surprisingly are not, $23 million for their tree planting, of $4 million for new cars for the fbi. $2 million for a roof at the smithsonian. do they think we're stupid? >> i was working in the senate to during katrina. it is a wasteful process. we gave the localities a blank check. that is proposed here. but so much of the $60 billion is not spending on individual family is but on another gov
>> it is part of the fiscal cliff. the obamacare tax increases kick in next year. whether dividends, investment income why do we want to tax people investing? that is what we want. it is the wrong time to raise taxes on capital gains because that grows the economy. so some of the worst will come about because of obamacare. >> just like the top line revenues with the medical device it is making money right now. >> there is a myth it will come out of executive bonuses. the...
52
52
Dec 14, 2012
12/12
by
FBC
tv
eye 52
favorite 0
quote 0
why aren't the market's reacting to the fiscal cliff next. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional invesrs choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible lo of principal. tracy: what is up with the market? with the threat of another recession you think the market would be in the toilet. we have the chief investment strategist with us. all the indices up over 4%? >> the market is realizing in january 1st is a false deadline not lake yankee's. we know that will not happen. but it seems like we will get a solution or a range from the grand bargain or kicking the can down the road. i think this this gold cliff is priced appropriately. tracy: before you said if we take a step back the companies have never been strong
why aren't the market's reacting to the fiscal cliff next. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional invesrs choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible lo of...
145
145
Dec 24, 2012
12/12
by
CNNW
tv
eye 145
favorite 0
quote 0
you've heard about the fiscal cliff. what about the dairy cliff? that's what dairy farmers and milk producers are called dairy subsidies set to expire. unless congress extends legislation, you could see milk prices double next year to about $7 a gallon. 7 bucks a gallon. with congress' attention on the fiscal cliff, could take a few weeks to address this. might want to stock up on milk while the prices are still lower this week. >>> a winter storm could become a big problem for winter travelers. what you need to know before heading out this christmas eve, next. make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. on any new volkswagen. progressive direct and
you've heard about the fiscal cliff. what about the dairy cliff? that's what dairy farmers and milk producers are called dairy subsidies set to expire. unless congress extends legislation, you could see milk prices double next year to about $7 a gallon. 7 bucks a gallon. with congress' attention on the fiscal cliff, could take a few weeks to address this. might want to stock up on milk while the prices are still lower this week. >>> a winter storm could become a big problem for winter...
68
68
Dec 16, 2012
12/12
by
FBC
tv
eye 68
favorite 0
quote 0
it looks like congress will have no choice but to punt the fiscal cliff debate until next year. we have a guest from thecato institute. sequestration kicks in, maybe talked about? >> i certainly agree with the sequestration part. we should be able to find 100 belden and spending cuts. we should be able to find 50 billion in spending cuts on the front. i think the sequestration and spending cuts should happen. unfounately, many of the tax increases, if we don't do something about taxes, i think it makes it harder to go back and extend any of the tax cuts next year. so we might find ourselves in the worst of both worlds. i still give it about a 5050 chance that tey come up with some sort of deal. but if they do, it won't be until christmas eve. tracy: for new year's eve at our? >> yes. tracy: most likely the deal will be extend middle-class tax cuts, wait until next year on the wealthy to discuss, basically we on everything until next year. when you do that, you know, you give up part of your bargaining power. should we come back in january and see a tax cut for the wealthy? >> re
it looks like congress will have no choice but to punt the fiscal cliff debate until next year. we have a guest from thecato institute. sequestration kicks in, maybe talked about? >> i certainly agree with the sequestration part. we should be able to find 100 belden and spending cuts. we should be able to find 50 billion in spending cuts on the front. i think the sequestration and spending cuts should happen. unfounately, many of the tax increases, if we don't do something about taxes, i...
62
62
Dec 17, 2012
12/12
by
FBC
tv
eye 62
favorite 0
quote 0
why aren't the market's reacting to the fiscal cliff next. tracy: what is up with the market? with the threat of another recession you think the rket would be in the toilet. we have the chief investment strategist with us. all the indices up over 4%? >> the market is realizing in january 1st is a false deadline not lake yankee's. we know that will not happen. but it seems like we will get a solution or a range from the grand bargain or kicking the can down the road. i think this this gold cliff is priced appropriately. tracy: before you said if we take a step back the companies have never been stronger. >> you grew up in the business with stocks. with this terrible sentiment is great for stocks technically speaking the s&p looks good earnings estimates so by editor measures stocks are great. tracy: i worried about the earnings season? >> and seems 1/3 quarter will be the trough. not gain busters but we thought four 5% but then next year could be double digits. >> what is that? they cannot fall further? [laughter] >> i stay away from the money-center banks with balance sheet pr
why aren't the market's reacting to the fiscal cliff next. tracy: what is up with the market? with the threat of another recession you think the rket would be in the toilet. we have the chief investment strategist with us. all the indices up over 4%? >> the market is realizing in january 1st is a false deadline not lake yankee's. we know that will not happen. but it seems like we will get a solution or a range from the grand bargain or kicking the can down the road. i think this this gold...
154
154
May 23, 2012
05/12
by
KNTV
tv
eye 154
favorite 0
quote 0
economy could fall off a "fiscal cliff" early next year. the non-partisan congressional budget office says allowing the bush era tax cuts to expire combined with automatic spending cuts to take effect january 1st could throw the economy in a recession with the economy shrinking by 1.3%. this is the first time the cbo has ever predicted a potential recession, but the report argues if congress and president team up and stop the automatic cuts and tax increases, growth would rise to 4.4%. >>> four secret service employees decided to fight the dismalals over the recent prostitution scandal in colombia. this morning's "washington post" reports the employees ousted from the agency foreign gauging in inappropriate conduct with prosecutes last month ahead of a presidential visit say they are being made scapegoats for the behavior the service has long tolerated. the timing of the charge couldn't be worse for director mark sullivan, who is scheduled to testify later today before a senate committee. >>> here's a look at some other stories making news
economy could fall off a "fiscal cliff" early next year. the non-partisan congressional budget office says allowing the bush era tax cuts to expire combined with automatic spending cuts to take effect january 1st could throw the economy in a recession with the economy shrinking by 1.3%. this is the first time the cbo has ever predicted a potential recession, but the report argues if congress and president team up and stop the automatic cuts and tax increases, growth would rise to...
112
112
Dec 24, 2012
12/12
by
WBAL
tv
eye 112
favorite 0
quote 0
as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p 500 climbed 13. the nasdaq has jumped 16%. >>> reports are due this week on pending home sales. sales of new homes and a look at home prices in the nation's 20 largest cities. >>> are you still not sure what to get for the person who has everything? new retail numbers show footwear was the fifth most popular gift on shoppers' lists on black friday. a year ago, shoes didn't even make it into the top ten gifts for the season. >>> good news for hollywood. attendance by moviegoers is up more than 5.5% so far this year. ticket revenue is projected to jump by 6% by the end of 2012 which would be the industry's biggest
as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p...
290
290
Dec 28, 2012
12/12
by
CNNW
tv
eye 290
favorite 0
quote 1
three days in this meeting tomorrow, a way to actually pass something to avert the fiscal cliff, then it is very likely, almost definite, that we will go over the cliff. i have to tell you that sources in both parties think that's the likelihood at this point anyway, but this meeting tomorrow is absolutely going to be crucial. and what the senate republican leader mitch mcconnell who you just heard from there, what he's saying he hopes to get from the president is a more detailed explanation of what he has been saying publicly, which is that he thinks he just wants the senate to pass the stop gap measure to keep tax cuts where they are for 98% of americans, which he campaigned on over and over again in the last election, in the hopes that enough republicans will come onboard and then this could possibly get through the house. >> jessica, is there cause then for optimism here or is this meeting really just for show? >> reporter: randi, as dana pointed out, at this meeting they could work out the details of this scaled down proposal. which could be a final agreement. for example, republ
three days in this meeting tomorrow, a way to actually pass something to avert the fiscal cliff, then it is very likely, almost definite, that we will go over the cliff. i have to tell you that sources in both parties think that's the likelihood at this point anyway, but this meeting tomorrow is absolutely going to be crucial. and what the senate republican leader mitch mcconnell who you just heard from there, what he's saying he hopes to get from the president is a more detailed explanation of...
161
161
Dec 24, 2012
12/12
by
MSNBCW
tv
eye 161
favorite 0
quote 0
the reason donors are concerned that a fiscal cliff deal could limit the tax deduction on charitable giving in the future. >> good day to you. is that the reason? i think people are worried they won't know what the deduction listen next we're, so front-loading the deduction this year. hopefully it's my wish they don't reduce it at all. >> let's look at some of the numbers. each year 300 billion is given to charity and claim about 50 billion a year in tax deductions. so when you look at some of the numbers, a person making about $too,000, they can deduct 35%. if that were to go down to 28%, how much do you think that would impact giving? >> you know, the estimate is anywhere between 1 and 30 billi billion, depending on how the deduction goes, and even if it's eliminated. it's hard to predict. one of the important things is this deduction han in place since 1917, and no one has ever touched it before. so we have no data on what's going to happen, but i think the americans, three quarters of the americans are concerned it will reduce the money to charity. >>> you know, if the country do
the reason donors are concerned that a fiscal cliff deal could limit the tax deduction on charitable giving in the future. >> good day to you. is that the reason? i think people are worried they won't know what the deduction listen next we're, so front-loading the deduction this year. hopefully it's my wish they don't reduce it at all. >> let's look at some of the numbers. each year 300 billion is given to charity and claim about 50 billion a year in tax deductions. so when you look...
195
195
Dec 24, 2012
12/12
by
WBAL
tv
eye 195
favorite 0
quote 0
happens next. >> our republican colleagues, by refusing to go along with revenues are risking the fiscal cliff. the big chance for a big deal is at the debt ceiling. that is when we will have leverage to turn the country around, prevent it from becoming greece and save social security and medicare. >> before leaving for hawaii for the holidays, obama urged congress to come up with a deal before the christmas break. many spent today navigating the parking lots of packed stores and shopping malls for final gifts. some had a really good reason for hitting the stores in these final hours before christmas. >> i have a baby that is due christmas morning. so i came out here to do some last-minute shopping. it is tough to shop during the holidays, especially right before christmas because, again, you miss out on deals. >> a recent poll found 132 million people had not finished their holiday shopping and 26 million had not even began. many retailers will be open christmas eve late to accommodate them. the pope spoke in a number of languages today in vatican city. he encouraged people to look beyo
happens next. >> our republican colleagues, by refusing to go along with revenues are risking the fiscal cliff. the big chance for a big deal is at the debt ceiling. that is when we will have leverage to turn the country around, prevent it from becoming greece and save social security and medicare. >> before leaving for hawaii for the holidays, obama urged congress to come up with a deal before the christmas break. many spent today navigating the parking lots of packed stores and...
105
105
Dec 21, 2012
12/12
by
CSPAN
tv
eye 105
favorite 0
quote 0
we will continue the conversation on the fiscal cliff and sequestration, what happens next? your calls and comments to paul broun and later rick larson as "washington journal." live coverage at 10:30 for the funeral services taking place here at the national cathedral. that is to pay tribute to senator daniel inouye. he has been in congress for more than 50 years. the president and vice president will pay tribute today at the washington national could trip -- cathedral. [video clip] >> he always had the moral courage to do the right thing. he had a compass that always directed him to his true north. a resolve to do a truly extraordinary things, things that few women or men ever contemplate or consider doing that. we all know on 1945, i had the privilege of being with him. we stopped with bob dole as well. they were on a mountain top, literally as the crow flies, i think it was only two miles on the same day, both mortally wounded in fighting for their country. just above the bridges above custody. because of danny's sense of honor, that is the only thin i can ascribe it to.
we will continue the conversation on the fiscal cliff and sequestration, what happens next? your calls and comments to paul broun and later rick larson as "washington journal." live coverage at 10:30 for the funeral services taking place here at the national cathedral. that is to pay tribute to senator daniel inouye. he has been in congress for more than 50 years. the president and vice president will pay tribute today at the washington national could trip -- cathedral. [video clip]...
64
64
tv
eye 64
favorite 0
quote 0
are you prepared if the nation goes off the fiscal cliff? your responses next. a hybrid? most are just no fun to drive. now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approv
are you prepared if the nation goes off the fiscal cliff? your responses next. a hybrid? most are just no fun to drive. now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. and with my bankamericard cash rewards credit card, i love 'em even more. i...
257
257
Dec 22, 2012
12/12
by
KRON
tv
eye 257
favorite 0
quote 0
due to the fiscal cliff. >> in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both and deficit reduction. >> pam: this comes after house speaker john boehner failed to gain enough of his party's support. to his "plan b". his proposal would have raised taxes only on those americans making more than one million dollars a year. without a deal, steep tax hikes and massive government spending cuts are set to trigger after january first. as the fiscal cliff countdown continues. house and senate members have already recessed for the holidays. >> president obama will nominate senator john kerry as the next secretary of state. he made the announcement at the white house today. current secretary of state hillary clinton is stepping down in january.u-n ambassador susan rice was reportedly on the short list, but took herself off it, citing a "lengthy, disruptive, and costly" confirmation process after republicans took issue
due to the fiscal cliff. >> in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both and deficit reduction. >> pam: this comes after house speaker john boehner failed to gain enough of his party's support. to his "plan b". his proposal would have raised taxes only on those americans making more...
414
414
tv
eye 414
favorite 0
quote 0
will go over the so-called fiscal cliff early next year he expects tax increases and spending cuts before washington cuts a deal. fans are coughing up big bucks to see nfl games. steelers at cowboys in december $480. a federal appeals court says shoe designer lieu baton rouge can -- that's america's money i'm paula ferris. >>> 5:14. good thursday morning. in-n-out burger facing a class action lawsuit accuse the chain of discriminating against minorities and people over 40 in its hiring process the suit was filed on behalf of two african-american men in their 40s who applied for jobs with in-n-out burger but not hired. their attorneys say they were qualified but didn't get the jobs because of their race and age. the suit seeks back pay and punitive damages doesn't say how much. a statement from the food chain says the company does not discriminate on the basis of ethnicity, race or age in hiring. >>> an online survey asking passengers where they think muni needs to up prove from service reliability to vehicle cleanliness questions about bikes and pedestrians. you can go to website to give
will go over the so-called fiscal cliff early next year he expects tax increases and spending cuts before washington cuts a deal. fans are coughing up big bucks to see nfl games. steelers at cowboys in december $480. a federal appeals court says shoe designer lieu baton rouge can -- that's america's money i'm paula ferris. >>> 5:14. good thursday morning. in-n-out burger facing a class action lawsuit accuse the chain of discriminating against minorities and people over 40 in its hiring...
127
127
Nov 15, 2012
11/12
by
KRON
tv
eye 127
favorite 0
quote 0
topic, the looming fiscal cliff where tax hikes and spending cuts kick in in the beginning of the year unless congress strikes a deal. >> i'm open to compromise and new ideas. >> we should not hold the middle class hostage while we debate tax cuts for the wealthy. >> reporter: the tone from capitol hill is mixed. >> the elections are over with, and this is an opportunity for us to turn the page. that means to the president of the united states has got to lead. >> reporter: mr. obama maintained his ideas for tackling budget problems are what earned him another term. >> i think every voter out there understood that that was an important debate. and the majority of voters agreed with me. >>> and david petraeus will testify on the terrorist attacks on the u.s. consulate in libya. am four people were killed. there had been some question about whether he would testify after he resigned friday. senator diane feinstein says he could appear before the senate intelligence committee as early as friday. >>> we're learning that the fbi agent responsible for triggering this whole investigation into
topic, the looming fiscal cliff where tax hikes and spending cuts kick in in the beginning of the year unless congress strikes a deal. >> i'm open to compromise and new ideas. >> we should not hold the middle class hostage while we debate tax cuts for the wealthy. >> reporter: the tone from capitol hill is mixed. >> the elections are over with, and this is an opportunity for us to turn the page. that means to the president of the united states has got to lead. >>...
212
212
Nov 18, 2012
11/12
by
CNN
tv
eye 212
favorite 0
quote 0
." >> fiscal cliff. >> he's going to be doings all of this in next three four days. it reminds me of dr. seuss, oh, the places you'll go, the people you'll meet. >> one of my favorite childhood books. he's beloved. there'll be flags and books and mugs. >> huge to have an american president. what it says about our faith in the country as dan lothian said earlier. we're encouraging trade between the countries. so it's a very poshlgts diplomatic trip, encouraging democracy throughout and in general great public relations, however, at a very difficult time for the president to be there. you can imagine he's on the phone a lot. >> yes, yes. nadia bilchik. thank you for introduced us to some of the great characters on this trip. i know you're probably sitting at home enjoying drake's coffee, cakes for breakfast. they're on the endangered list. the ho-40s and twinkies and cupcakes. oh, so sad. twinkie is going to ride off into the sunset. lions of americs retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in re
." >> fiscal cliff. >> he's going to be doings all of this in next three four days. it reminds me of dr. seuss, oh, the places you'll go, the people you'll meet. >> one of my favorite childhood books. he's beloved. there'll be flags and books and mugs. >> huge to have an american president. what it says about our faith in the country as dan lothian said earlier. we're encouraging trade between the countries. so it's a very poshlgts diplomatic trip, encouraging...
131
131
Dec 31, 2012
12/12
by
FBC
tv
eye 131
favorite 0
quote 0
gerri: coming up next, the fiscal cliff into plain english or maybe just simple arithmetic. at the bottom of the york, what should investors expect? will the fiscal ) as of them? don't go away. ♪ >> my new year's resolution is to keep going with my personal trainer. ♪ gerri: up next, some of those trillion dollar figures into perspective. the spending problem if it were your household budget. next. gerri: there is a reason we call this segment back of the envelope. we try to explain in plain english some of the more complicated financial issues. the big issue today, the fiscal cliff. and you may be asking yourself, why is this so important? what is so cataclysmic about our nation's finances that we need to implement these monster tax increases and make draconian spending cuts. well, if you want to understand the government and its problems, take a look at these numbers. let's start with tax revenue. these are the nation's tax revenues. what you have your is just over 2 trillion in income. that's all it is really. and look at these euros. a very big number. the spending i
gerri: coming up next, the fiscal cliff into plain english or maybe just simple arithmetic. at the bottom of the york, what should investors expect? will the fiscal ) as of them? don't go away. ♪ >> my new year's resolution is to keep going with my personal trainer. ♪ gerri: up next, some of those trillion dollar figures into perspective. the spending problem if it were your household budget. next. gerri: there is a reason we call this segment back of the envelope. we try to explain...
658
658
Dec 30, 2012
12/12
by
CNNW
tv
eye 658
favorite 0
quote 0
>> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and especially now in the 11th hour or less than 30 hours away from the deadline. so we will see that, and we hope that they are going to put an amt patch in to protect the middle-class in from playing the wealth year for tax year 2012 yet, and we are totally running out of time on that one, and we have a bunch of tax extenders for businesses and individuals and they have expired and will they extend those? and the payroll tax will certainly expire and nobody is talking about that. the first pay xhek in jcheck in will be smaller regardless because of that. >> and you are so good at giving explanations for 99.8% of americans who are not accountants. but the amt patch will
>> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and especially now in the 11th hour or less than 30 hours away from...
100
100
Nov 30, 2012
11/12
by
CNBC
tv
eye 100
favorite 0
quote 0
smart strategies next on how to play the fiscal cliff talks and the jobs report next week, if you dare. >>> plus, it's one of life's biggest questions. no, not what's the meaning of life or why are we here or what do women want. but how do you -- how much do you need to be happy? money wise? our robert frank says he knows. robert? >> thanks, tyler. i'm pretty sure the folks that just won that powerball jackpot are feeling pretty good right now. but you don't have to win the lottery to feel happy or wealthy. we'll tell you how much it really takes for both after the break. >>> in october 2004, our nation debt was $7.4 trillion. today that number has more than doubled to over $16 trillion. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. [ male announcer ] break from the holiday stress. when you take a closer look... ...at the
smart strategies next on how to play the fiscal cliff talks and the jobs report next week, if you dare. >>> plus, it's one of life's biggest questions. no, not what's the meaning of life or why are we here or what do women want. but how do you -- how much do you need to be happy? money wise? our robert frank says he knows. robert? >> thanks, tyler. i'm pretty sure the folks that just won that powerball jackpot are feeling pretty good right now. but you don't have to win the...
191
191
Oct 4, 2012
10/12
by
FOXNEWSW
tv
eye 191
favorite 0
quote 0
what it has to do with the so-called "fiscal cliff" is next. three weeks after the murders of the united states ambassador and three other americans, the f.b.i. makes a quick visit to the scene of the crime. the latest on that investigation. hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios ...bone is for a clean,o go wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>trace
what it has to do with the so-called "fiscal cliff" is next. three weeks after the murders of the united states ambassador and three other americans, the f.b.i. makes a quick visit to the scene of the crime. the latest on that investigation. hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios ...bone is for a clean,o go wedomestic energy future that puts us in...
217
217
Dec 3, 2012
12/12
by
KPIX
tv
eye 217
favorite 0
quote 0
negotiations continue today in washington to avoid the so-called fiscal cliff, but so far there's been more rhetoric than resolve. there's now less than a month to head off the automatic tax hikes and spending cuts that will kick in next year. john boehner said he can't believe the latest white house proposal. the obama administration insists there's no deal without a tax increase. susan mcginnis is in washington with details this morning. susan, good morning to you. >> reporter: good morning, terrell. it may appear the two sides are nowhere but these talks are expected to pick up dramatically very soon. december is here and as they say here in washington the lawmakers can smell the jet fumes meaning the planes taking them home for their holiday recess. what we're hearing there should be a deal by christmas. the white house is already decorated for the holidays but the mood here in washington is anything but festive. >> i think we're going over the cliff. >> reporter: if congress doesn't act america will ring in the new year with $110 billion in spending cuts and a $500 billion tax inc
negotiations continue today in washington to avoid the so-called fiscal cliff, but so far there's been more rhetoric than resolve. there's now less than a month to head off the automatic tax hikes and spending cuts that will kick in next year. john boehner said he can't believe the latest white house proposal. the obama administration insists there's no deal without a tax increase. susan mcginnis is in washington with details this morning. susan, good morning to you. >> reporter: good...
286
286
Dec 10, 2012
12/12
by
CNBC
tv
eye 286
favorite 0
quote 1
for the fiscal cliff. that will drive the markets right now. that is what they're keeping an eye on. the week ahead, we have the fed meeting this week. they'll be watching abercrombie coming out of that. and treasuries up about seven sales in the next two weeks. and so given that a lot of people may have closed their books, they're concerned about what demand might be like for these treasury auctions and how that may not impact not only the bond market, but stock market as well. china, that data was broadly better than expected. that's giving a lift to commodities. we'll get more on that. and the euro banks, too, being hit by news from the italian prime minister's mario monti's resignation. that is causing some concern to the spanish banks as well, where the focus turns once you have the news of monti's resignation. one thing we do want to note, hsbc had its rating cut from double a minus to double a. abercrombie & fitch, open humor out with a notice saying the retailer looks to the markets over the holida
for the fiscal cliff. that will drive the markets right now. that is what they're keeping an eye on. the week ahead, we have the fed meeting this week. they'll be watching abercrombie coming out of that. and treasuries up about seven sales in the next two weeks. and so given that a lot of people may have closed their books, they're concerned about what demand might be like for these treasury auctions and how that may not impact not only the bond market, but stock market as well. china, that...
189
189
Sep 12, 2012
09/12
by
WBAL
tv
eye 189
favorite 0
quote 0
cliff with automatic across the board spending cuts next year along with the expiration of the bush era spending tax cuts. john boehner says he is, quote, not confident congress can reach an agreement before the elections. all of that moody's warns they may downgrade credit ratings. >>> it's finally here. today is the day apple ends all of the speculation and rumors floating around the much behind media event. those in the know expect them to debut its next generation iphone today. it will have a significant impact on the nation's economy. nbc's jay gray has more. >> reporter: faster, sleeker, more memory, better application. it can feed your dog, even change your baby's diaper. well, the last two are a bit of a stretch, but speculation about the new iphone and what it may be able to do has been building for months now. >> you know, that's what i'm curious to see, the laws of physics and design sort of dictate that a phone can really only be a phone. we're not going to get a magical flying spaceship tomorrow. it is going to be a roughly square device with a touchscreen running an op
cliff with automatic across the board spending cuts next year along with the expiration of the bush era spending tax cuts. john boehner says he is, quote, not confident congress can reach an agreement before the elections. all of that moody's warns they may downgrade credit ratings. >>> it's finally here. today is the day apple ends all of the speculation and rumors floating around the much behind media event. those in the know expect them to debut its next generation iphone today. it...
245
245
Dec 24, 2012
12/12
by
CNBC
tv
eye 245
favorite 0
quote 0
if the fiscal cliff is fixed, then have a very strong first half and back half of next year. if it doesn't, we will have a situation that we see at christmas where low sales will not translate to mixed earnings. they will see a lot of margin improvements and upside from there. >> all right. we will leave it there. thank you. i appreciate your time. have a great holiday. >> thank you. >>> up next, hollywood is eyeing what could be the best for the box office ever. pushing towards the finish line is the hobbit. we will find out if the movie momentum should have a starring role in your 2013 portfolio and it could be the moment expensive christmas dinner in history. but why is no one buying? we have details including the $60,000 bottle of champagne. stay with us. >>> there aren't as many films as there used to be. holiday's take is down this year, according to the street.com. but there have been memorable holiday releases in the past. what are the three biggest christmas block busters of all time? find out next. a body at rest tends to stay at rest... while a body in motion tends
if the fiscal cliff is fixed, then have a very strong first half and back half of next year. if it doesn't, we will have a situation that we see at christmas where low sales will not translate to mixed earnings. they will see a lot of margin improvements and upside from there. >> all right. we will leave it there. thank you. i appreciate your time. have a great holiday. >> thank you. >>> up next, hollywood is eyeing what could be the best for the box office ever. pushing...
188
188
Nov 9, 2012
11/12
by
KPIX
tv
eye 188
favorite 0
quote 0
it's the so-called fiscal cliff a combination of tax hikes and spending cuts scheduled to kick in next year. both democrats and republicans are talking compromise but we have heard this all before. and in the just released report from the nonpartisan congressional budget office predicts dire consequences unless it's resolved. this mornings stocks in asia dipped on concern over the crisis. tokyo's nikkei and hong kong hang seng were down 1% and wall street investors are selling. the dow jones industrials were down 434 points the last two days. today president obama in his first post-election comment will address the nation's fiscal problems. susan mcginnis is in washington with more on all of this. susan, good morning to you. >> reporter: good morning. you know, not everyone believes that the consequences of going over this fiscal cliff are going to be so severe. people are talking about a global financial crisis, another u.s. credit downgrade. those who do say there absolutely has to be a compromise. shortly after the confetti fell on election night both sides claimed victory in their
it's the so-called fiscal cliff a combination of tax hikes and spending cuts scheduled to kick in next year. both democrats and republicans are talking compromise but we have heard this all before. and in the just released report from the nonpartisan congressional budget office predicts dire consequences unless it's resolved. this mornings stocks in asia dipped on concern over the crisis. tokyo's nikkei and hong kong hang seng were down 1% and wall street investors are selling. the dow jones...
93
93
Nov 13, 2012
11/12
by
FBC
tv
eye 93
favorite 0
quote 0
>> again, as long as we avoid a serious fiscal cliff type crisis , we avoid a spike in interest rates, some of those challenges. i think housing continue to gradually recover with the caveat that we want to keep an eye on the investor activity. too much of money pouring into the market, we know that ultimately results in people pulling at money back out when conditions hour which is definitely a chance to keep an eye and. gerri: we will be telling people how to use that hot money and how to invest in housing. susan, robert, michael, thank you for coming in. fascinating conversation, great to hear all of your ideas and thoughts. thank you. and if you are fired up about this or have a house in question, write me an e-mail. gerri@foxbusiness.com. >> coming up on a special edition of "the willis report", americans are getting a better handle on their mortgage these days, but home buying is still secure than ever. the will of the find the best bang for your buck next. should you buy a foreclosed on? it can be a great deal from buyers, but first, and other potential pitfalls. our housing ex
>> again, as long as we avoid a serious fiscal cliff type crisis , we avoid a spike in interest rates, some of those challenges. i think housing continue to gradually recover with the caveat that we want to keep an eye on the investor activity. too much of money pouring into the market, we know that ultimately results in people pulling at money back out when conditions hour which is definitely a chance to keep an eye and. gerri: we will be telling people how to use that hot money and how...
216
216
Dec 22, 2012
12/12
by
KRON
tv
eye 216
favorite 0
quote 0
. >> first, efforts to stop the fiscal cliff. lawmakers flee the capital for their christmas break, that is next. comment.tense moments today at a south bay elementary school. as concerns over school safery remain high. the search for a gunman that triggered a lockdown -- ahead.and at 5-30.if you think the winter storm just wait until you see what's hiiting the midwest. but first tonight -- efforts to stop american from going off the fiscal cliff in dissarray. as lawmakers flee the break that's next. just before departing for his annual holiday vacation in hawaii, president obama leaders to take action on crisis. karin caifa reports from washington, where members of congress have also left town. >> good afternoon, everybody. >>reporter: after speaking with party leaders friday afternoon, president obama called on congress to quickly come up with a solution to avert some end- of-year tax hikes associated with the fiscal cliff. >> in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike
. >> first, efforts to stop the fiscal cliff. lawmakers flee the capital for their christmas break, that is next. comment.tense moments today at a south bay elementary school. as concerns over school safery remain high. the search for a gunman that triggered a lockdown -- ahead.and at 5-30.if you think the winter storm just wait until you see what's hiiting the midwest. but first tonight -- efforts to stop american from going off the fiscal cliff in dissarray. as lawmakers flee the break...
374
374
Dec 28, 2012
12/12
by
KBCW
tv
eye 374
favorite 0
quote 0
he will start working with the department early next year. >> thanks. >> some hope for talks on the fiscal cliff. with just five days until the country tumbles into automatic tax hikes and spending cuts the president has scheduled a meeting. danielle nottingham on the efforts. >> reporter: top congressional leaders are expected to meet with president obama at the white house friday. this would be the group's first face to face meeting since november 16th and a last minute chance to avoid the so-called fiscal cliff. if no deal is reached taxes will go up for nearly every american and harsh spending cuts will kick in on january 1st. senators reconvened on thursday with tension spilling over on to the floor. >> speaker boehner is unwilling to negotiate. there's nothing happening. >> the phone never rang and so now here we are five days from the new year and we might finally start talking. >> reporter: senate majority lyddite harry reid skewered house speaker john boehner, charging he's more interested in his leadership position than in bipartisan legislation. >> the speaker's number one goal
he will start working with the department early next year. >> thanks. >> some hope for talks on the fiscal cliff. with just five days until the country tumbles into automatic tax hikes and spending cuts the president has scheduled a meeting. danielle nottingham on the efforts. >> reporter: top congressional leaders are expected to meet with president obama at the white house friday. this would be the group's first face to face meeting since november 16th and a last minute...
233
233
Dec 22, 2012
12/12
by
CNNW
tv
eye 233
favorite 0
quote 0
cliff. >> in the next few days, i've asked leaders of congress to work toward a package that prevents a tax hike on middle-class americans, protects unemployment insurance for two million americans, and lays the groundwork for further work on both growth and deficit reduction. >> reporter: remarks came after house speaker john boehner failed to muster enough of his party support to bring his plan b to the floor. his proposal would have effectively raised taxes only on those americans making more than $1 million a year. >> we had a number of our members who just really didn't want to be perceived as having raised taxes. >> reporter: the two sides each left the capitol for the christmas holidays blaming each other for inaction. democrats said thursday's failure in the house pointed to a need for more compromise by the gop. >> house republicans have gotten the message loud and clear. a comprehensive solution to the looming fiscal cliff will need to be a bipartisan solution. >> reporter: senate republican leader mitch mcconnell said the next move needs to come from the president. >> he's
cliff. >> in the next few days, i've asked leaders of congress to work toward a package that prevents a tax hike on middle-class americans, protects unemployment insurance for two million americans, and lays the groundwork for further work on both growth and deficit reduction. >> reporter: remarks came after house speaker john boehner failed to muster enough of his party support to bring his plan b to the floor. his proposal would have effectively raised taxes only on those...
199
199
Nov 26, 2012
11/12
by
KNTV
tv
eye 199
favorite 0
quote 0
congress returns to work this weekend, stim facing that so-called fiscal cliff. if a deal can't be reached by january 1st, americans would face half a trillion dollars more than in taxes next year. that's coupled with $100 billion in cuts to domestic and defense spending. since the reagan era, most republicans have pledged not to raise taxes. but as nbc's mike viqueira reports, there are some signs of flexibility on both sides of the aisle. >> reporter: it's a pledge almost all republicans have signed, to oppose tax increases of any kind. that once solid wall was showing cracks. >>> the pledge you saw 18 years ago, 20 years ago was for that congress. the world has changed and the economic situation is different. >> reporter: but republicans insist in return for defying party doctrine, democrats must agree to changes in social security and medicare. >> i will violate the pledge, long story short, for the good of the country, only if democrats will do entitlement reform. >> reporter: activists on the left are lining up to oppose those reforms, but the president has
congress returns to work this weekend, stim facing that so-called fiscal cliff. if a deal can't be reached by january 1st, americans would face half a trillion dollars more than in taxes next year. that's coupled with $100 billion in cuts to domestic and defense spending. since the reagan era, most republicans have pledged not to raise taxes. but as nbc's mike viqueira reports, there are some signs of flexibility on both sides of the aisle. >> reporter: it's a pledge almost all...
427
427
Dec 21, 2012
12/12
by
CNNW
tv
eye 427
favorite 0
quote 0
what happens next with the fiscal cliff and next for speaker boehner if he can't rally his own party for his leadership position and ability to negotiate? >> let's start with that. a lot of answers to that will lie in what happens next with regard to any kin of big deal. as we approach december 1st, just around the corner. will there be a deal that is kind of done outside of him? maybe with the republican leader in the senate? and -- so he can step back and let things happen? something comes to the house, a majority of democrats could vote for it, and maybe enough republicans to get it over the top? even that could hurt his leadership. it's an open question. surprising given the fact that he has had a very, very difficult time. leading a very fractious caucus, particularly in 2010. a lot of people elected who simply came for one reason and one reason only, to cut spending, didn't care about getting re-elected, didn't care about following leadership, and he knows how to legislate, know where is the votes are, and miscalculated this. a big question mark. where do we go from here? he'll
what happens next with the fiscal cliff and next for speaker boehner if he can't rally his own party for his leadership position and ability to negotiate? >> let's start with that. a lot of answers to that will lie in what happens next with regard to any kin of big deal. as we approach december 1st, just around the corner. will there be a deal that is kind of done outside of him? maybe with the republican leader in the senate? and -- so he can step back and let things happen? something...
141
141
Dec 31, 2012
12/12
by
WTTG
tv
eye 141
favorite 0
quote 0
. >>> coming up next on the news at 6:00, the fiscal cliff debati continues ffwith no deal in sigt for tonight.fo should americans be concerned? the latest details from capitol hill, plus a fox 5 political analyst weighs in on the topic,. >> and we are about 6 hours away from 2013, we're taking you live to a crowded sometimes square.ar >> he may be the redskins numbei one supporter. we introduce you to the super fan with the redskins fan
. >>> coming up next on the news at 6:00, the fiscal cliff debati continues ffwith no deal in sigt for tonight.fo should americans be concerned? the latest details from capitol hill, plus a fox 5 political analyst weighs in on the topic,. >> and we are about 6 hours away from 2013, we're taking you live to a crowded sometimes square.ar >> he may be the redskins numbei one supporter. we introduce you to the super fan with the redskins fan
168
168
Nov 10, 2012
11/12
by
MSNBCW
tv
eye 168
favorite 0
quote 0
let's go from there and move onto our next topic, the fiscal cliff and who holds the cards there. the president wants to raise taxes on the wealthiest americans. republicans say they don't want to raise taxes on anyone. so molly, who holds the cards there? who do you think has the better leverage? >> there's a real sense particularly among democrats that obama holds the cards here because if nothing is done everybody's tax will go up. and so therefore he doesn't actually have to make a deal, although everyone is hoping that both side come together. i get a sense that republicans are a little queasy, that they do realize they don't have as much leverage as they might like. democrats were very cheered by the president's statement yesterday when he came out still sounding like the sort of fired up guy of the campaign pointing out explicitly how much leverage he has and sort of reiterating what his position is on those tax cuts. so for a lot of nervous democrats who weren't sure if they were instead going to see the president who proved to be such a weak negotiator last year on the de
let's go from there and move onto our next topic, the fiscal cliff and who holds the cards there. the president wants to raise taxes on the wealthiest americans. republicans say they don't want to raise taxes on anyone. so molly, who holds the cards there? who do you think has the better leverage? >> there's a real sense particularly among democrats that obama holds the cards here because if nothing is done everybody's tax will go up. and so therefore he doesn't actually have to make a...
343
343
Dec 31, 2012
12/12
by
WBAL
tv
eye 343
favorite 0
quote 1
if we fall off the fiscal cliff. maryland will lose $178 million in funding next year. economists say to make up for it, the state will have to make cuts. >> it will be a challenge to make the ends meet. >> the greater economic impact could be huge hit in sales and income revenue. the state would lose about $268 million in 2013 and another million in 2014. >> small business innovation. these are tied up in those revenues. >> the already struggling job market would take a hit. >> the 53,000 -- the 53,000 jobs is conservative, but other people believed it could be higher. >> a tax is designed to be paid by the rich. if we go over the fiscal cliff, many middle-class families will be paying the tax because maryland is a high income state overall. a lot of people here will be affected. ♪ >> the ravens get to play in the wildest week of the season, literally. >> it is the weekend. they have qualified for it. they are the healthiest since earlier in the season. mostly a game of back up from baltimore. first career touchdown. he is out of georgia tech. out of virginia tech, f
if we fall off the fiscal cliff. maryland will lose $178 million in funding next year. economists say to make up for it, the state will have to make cuts. >> it will be a challenge to make the ends meet. >> the greater economic impact could be huge hit in sales and income revenue. the state would lose about $268 million in 2013 and another million in 2014. >> small business innovation. these are tied up in those revenues. >> the already struggling job market would take a...
248
248
Dec 4, 2012
12/12
by
CNNW
tv
eye 248
favorite 0
quote 0
. >>> up next, fiscal cliff futility. in 28 days, crippling tax hikes and spending cuts become a painful reality for every american if a deal does not get done. republicans are offering up a counter proposal to what the president offered a counter proposal that calls for $2.2 trillion in deficit savings. it includes $800 billion in tax reforms, 600 billion in medicare reforms and 600 billion in spending cuts. because it doesn't contain tax hikes for the wealthiest americans or specifics about which loopholes will be eliminated, the president immediately rejected the republican proposal. want to know how far apart democrats and republicans are? listen to this. >> i think we're going over the cliff. >> it's unfortunate the white house has spent three weeks doing basically nothing. >> what we can't do is sit here trying to figure out what works for them. >> the president's idea of negotiation is roll over and do what i ask. >> it's clear to me they made a political calculation. if their ideas are different from ours, we can'
. >>> up next, fiscal cliff futility. in 28 days, crippling tax hikes and spending cuts become a painful reality for every american if a deal does not get done. republicans are offering up a counter proposal to what the president offered a counter proposal that calls for $2.2 trillion in deficit savings. it includes $800 billion in tax reforms, 600 billion in medicare reforms and 600 billion in spending cuts. because it doesn't contain tax hikes for the wealthiest americans or...
258
258
Dec 21, 2012
12/12
by
KTVU
tv
eye 258
favorite 0
quote 0
what is next? >> and a fiscal cliff show down or not? the late development on a vote planned for tonight on speaker of the house john boehner's plan. well, well, well. growing up, we didn't have u-verse. we couldn't record four shows at the same time. in my day, you were lucky if you could record two shows. and if mom was recording her dumb show and dad was recording his dumb show then, by george, that's all we watched. and we liked it! today's kids got it so good. [ male announcer ] get u-verse tv with a total home dvr included free for life. only $29 a month for six months. rethink possible. >>> complete bay area news coverage continues right now, this is ktvu channel 2 news at 5:00 p.m. >> a key hearing today about the government's crack down on medical marijuana and for the first time the city of oakland is siding with medical marijuana dispensary. they are taking on the feds in a hearing one that could effect the future of medical marijuana. ktvu's health and science editor john fowler live now in oakland with one reason. >> reporte
what is next? >> and a fiscal cliff show down or not? the late development on a vote planned for tonight on speaker of the house john boehner's plan. well, well, well. growing up, we didn't have u-verse. we couldn't record four shows at the same time. in my day, you were lucky if you could record two shows. and if mom was recording her dumb show and dad was recording his dumb show then, by george, that's all we watched. and we liked it! today's kids got it so good. [ male announcer ] get...
162
162
Dec 20, 2012
12/12
by
KGO
tv
eye 162
favorite 0
quote 0
. >>> and coming up next, after the break, how the fiscal cliff could mean a delayed tax refund. don't like to hear that. for millions of americans. >>> plus, it's a procrastinator's dream. deep discounts expected at stores this weekend, after a disappointing season so far. >>> and the universe has a new reigning beauty queen. we'll tell you the winner when we come right back. (kj;ñ;ñ;ñ;ñx >>> welcome back, everybody. the deadlock over how to avoid the fiscal cliff is putting a damper on stocks. for the first time this week, all the major averages on wall street fell yesterday, amid sharpening verbal barbs from president obama and house speaker john boehner. the house votes on the republican so-called plan "b." but the white house has already rejected it. and it has little chance of passing in the senate. >>> the irs says if no deal is reached, it could mean filing delays for 100 million taxpayers. an agreement would include a change to the minimum tax. then, the irs must adjust its computers, which could take until late march. and only then could alternative minimum tax fil
. >>> and coming up next, after the break, how the fiscal cliff could mean a delayed tax refund. don't like to hear that. for millions of americans. >>> plus, it's a procrastinator's dream. deep discounts expected at stores this weekend, after a disappointing season so far. >>> and the universe has a new reigning beauty queen. we'll tell you the winner when we come right back. (kj;ñ;ñ;ñ;ñx >>> welcome back, everybody. the deadlock over how to avoid the...
211
211
Nov 30, 2012
11/12
by
CNBC
tv
eye 211
favorite 0
quote 0
up next, from burritos to the fiscal cliff, a little food for thought in our american made series. we have the president of moe's southwest grill. "squawk box" is back right after this. >>> checking the futures now, they will probably see a bit of an opening move higher. see if anyone talks. today more on what's moving the markets this morning frin a coue of minutes. peter is very quick on the gun, as you can see. i think i saw it from peter that mitch mcconnell was laughing yesterday and i saw boehner. comes out immediately. at the end of the week he goes back and says this is what was good about the week this is what was bad. we will get the comments firsthand. >> are american made company today is sizzle. 2012. pretty spicy profits. paul davaco, president of moe's southwest grill joins us. good morning, paul. >> good morning. how are you? >> let's talk about how -- how is business and what is -- how business is at your franchise and your company telling us about the health of the consumer? >> the business today could not be better. our comps are up over 8% over last year. and to
up next, from burritos to the fiscal cliff, a little food for thought in our american made series. we have the president of moe's southwest grill. "squawk box" is back right after this. >>> checking the futures now, they will probably see a bit of an opening move higher. see if anyone talks. today more on what's moving the markets this morning frin a coue of minutes. peter is very quick on the gun, as you can see. i think i saw it from peter that mitch mcconnell was laughing...
172
172
Dec 22, 2012
12/12
by
CNNW
tv
eye 172
favorite 0
quote 0
this move by boehner, though, leaves the fiscal cliff negotiation in more limbo. what happens to all of us if no deal is reached ten days from now? >> we're all going to see our taxes go up. that's the reality here. if we go through this cliff, taxes on every american will go up. we will salso see the payroll tx cut end. that's another thing we'll wind up paying. there's 2 million people right now getting an extension on their unemployment benefits. that will end as well. a little bit less money, randi, in everybody's pockets. >> and stock markets, certainly we were watching the markets yesterday. they've taken a dive. why is that? what is the connection? do you see this continuing? >> the consumer basically, randi, accounts for about two-thirds of this overall economy. consumer spending is critical to having a healthy economy. so if the consumer is being taxed more, doesn't have as much money to spend, the expectation is that the consumer will pull back. you also have something else going on. if there's a lot of uncertainty in the c suite, ceos are saying i don't
this move by boehner, though, leaves the fiscal cliff negotiation in more limbo. what happens to all of us if no deal is reached ten days from now? >> we're all going to see our taxes go up. that's the reality here. if we go through this cliff, taxes on every american will go up. we will salso see the payroll tx cut end. that's another thing we'll wind up paying. there's 2 million people right now getting an extension on their unemployment benefits. that will end as well. a little bit...